| Show 11 Inside de j Stif Stuff if By P PAUL MALLON WASHINGTON Feb 6 The 6 The Surging greenback boys in congress ay be able ble to find a better clue rb to the uie depression trail If it they will B look k Into into the capital finance fig- fig lire Ires tt I The best estimate officially is that thatiS Ji iS corporations did r More j-More Capital about of new financing receded in 1935 That is K i they raised and p spent nt that much new capital in their heir business IThe The average similar expenditure for forthe the years ears 28 1925 2627 1925 and 27 and 28 was This amount is in rough- rough 7 the normal yearly outlay of new pitaL I Thui Thul it appears th that t the current pital market market-Is is about abou 10 per cent The 90 per cent deficiency t about which is just bout about the the amount of President ev annual lt annual relief budget If business would raise and spend that ormal amount annually there would be little need for money tinkling tink tink- sting ling new taxes unemployment re relief relief re- re lief and in fact tact the whole depres- depres li n situation All that tho the depression healers li d to to todo do is to find a way to bring r.- r. JJ about if When you start tart chasing reasons lor br of the capital mari mar mar- max max- you i-you i you had better use a butterfly ret 1 11 The reasons are elusive e b lc reason Is lack of tince not not old man confidence that ha politicians used to t talk lk about a afew few years ago butell but ell cli personal con f fl flint 1 Men int See dence deuce of business fo 0 oi Profit men in their in-their their ability abil abil- it ity to make prof- prof UI la out ut of investments No board of directors tors Is ii going to raise new money for capital expenditures and no no one CIne Is going to lend them any money for that purpose unless both can cin see lee usa a profit in it tI Just now most of the corporate cI are sitting on their reserves Wisely ely reducing debts Although wet from front the tho depression they the ar are still BUn saving for a rainier say gay aY A Veterans Veterans' organizations are arc gettin getting get get- tin ting considerable publicity denying that But t they ey will seek pensions Capable Capable Capa Capa- ble C Commander Van Zandt V. V F. F WO has written letters to editors bUng that recently published reports re re- re- re POrta ports predicting a demand for a general world war veterans' veterans penton pen pen- 11 ton Ioa from v veterans veterans' org organizations are absolutely ridiculous absurd MCI de deny y and denounce this in- in a as a malicious eff rt to veterans veterans' organizations That Thit may be he but within a week after the bonus was passed a dozen IlIa i were introduced in the senate sad d house P proposing g new soldiers soldiers' i Continued on Page pare Two Iwo t Column Six Inside StU Stuff f Continued from P- P Past Fags gl One I pensions pensions or or lor boosting existing pen pen- No one has baa written any letters letters letters let let- about that All AU lobbyists know that the vet groups now need n a new ballyhoo badly They have havo thrived during the last f few years on bonus tion Unless ss they get an equally captivating new Veterans Veteran issue their dues Need New may fall lall off their Ballyhoo 0 r g a n I z a tlona shrivel No one doubts the sincerity of Van Zandt It is generally understood understood understood under under- stood among those in the know will take peace m movement vem nt not pensions now In an enthusiastic way This may be sufficient sufficient suf suf- to carry carryon on for a year year or two but as soon as the bonus money Is spent so sonic some e V veterans t rans will naturally natural natural- ly Iy desire pensions When enough of them do the veterans' veterans organizations organizations will wUl be bo for pensions You may hear more of the T fiT men and less less' of the G men here here- after At least that thatis Js a supposed tobe tobe to tobe be the purpose behind Treasury Secretary move to consolidate his bis treasury investigating ing forces Mr was displeased at t tho the way th the G men in the Justice j department here T P Men overshadowed his May Come 0 own w n detectives To F Fore re Before he planted his consolidation bill In congress recently he effected a makeshift consolidation without announcing it He plans to merge forces for a drive on narcotics one month counterfeiting the next smuggling tho the third believing g it will improve efficiency ncy Congressmen are skeptical If It Ogden Ogden Ogden Og Og- Og- Og den Mills or Mellon had made such sucha a t request quest they would have th thought little of it But everyone knows Mr fancies himself IUan as IU asan asan an amateur dete detective There is a half suspicion lurking back in some Bome congressional minds that Mr Mor Mor- T men may evolve into a pay gay That Is why his consolidation legislation leg leg- was held up The Tho fact that the state department was wa seeking to ascertain if any foreign governments governments governments govern govern- govern govern- ments would object was only an ex ex- cuse The man behind Al Smiths Smith's speech was not Raskob or ox the Du Pants Fonts as as published It w was s N New w York Su Su- Su- Su premo Court J Justice J Joseph seph Pros Pros- ka ler er He and Al are aro old friends and he helped more in the preparation preparation preparation tion of ot the tho speech than anyone else |
